ProShare Advisors LLC cut its position in General Communication, Inc. (NASDAQ:GNCMA) by 47.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,016 shares of the utilities provider’s stock after selling 6,395 shares during the quarter. ProShare Advisors LLC’s holdings in General Communication were worth $257,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of GNCMA. Vestor Capital LLC acquired a new stake in General Communication in the 2nd quarter worth $134,000. Municipal Employees Retirement System of Michigan grew its position in General Communication by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 190 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in General Communication in the 2nd quarter worth $278,000. BNP Paribas Arbitrage SA grew its position in General Communication by 13.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock worth $296,000 after purchasing an additional 954 shares during the last quarter. Finally, Arizona State Retirement System grew its position in General Communication by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 63.71% of the company’s stock.
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Shares of General Communication, Inc. (NASDAQ:GNCMA) opened at 41.32 on Friday. The firm has a 50-day moving average of $41.67 and a 200 day moving average of $38.10. The firm’s market capitalization is $1.49 billion. General Communication, Inc. has a 52-week low of $14.30 and a 52-week high of $43.63.
In other General Communication news, SVP William C. Behnke sold 16,250 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $42.80, for a total value of $695,500.00. Following the transaction, the senior vice president now directly owns 165,662 shares in the company, valued at $7,090,333.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.28% of the stock is owned by insiders.
General Communication Profile
General Communication, Inc is a holding company. The Company, together with its subsidiaries, is a communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.
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